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Nasdaq · USD

TBPH

Theravance Biopharma, Inc.

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Tapewire entity
5037
SEC CIK
0001583107
Parsed reports
533

Last 12 months

Inside the activity.

0 purchase rows · 25 sale rows

Disclosed non-derivative P/S rows, by transaction month. Includes amendments and private transactions.
Monthly counts
MonthPurchasesSales
Nov 202508
Dec 202503
Jan 202600
Feb 202600
Mar 202603
Apr 202600
May 202600
Jun 202605
Jul 202603
Aug 202600
Sep 202603
Oct 202600

Latest available

Insider transactions

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Purchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”

The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.

Transaction dateOwner / reported roleActivity / securityShares / unitsReported priceReported valueDetails
September 23, 2026 Filed Sep 25, 2026 00:29 UTC Disposition to issuerOrdinary Shares 74,980 Not disclosed Not disclosed
Disclosure

SEC source: 0001589602-26-000005 · form4-09252026_120944.xml · nonDerivative · entry 1

Smaldone Alsup Laurie · CIK 0001589602 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 6,009

F1 · price: On September 23, 2026, pursuant to that certain Agreement and Plan of Merger (the "Merger Agreement"), dated June 28, 2026, by and among the Issuer, Zymeworks Inc. ("Parent"), and Zymeworks Merger Sub 1, a wholly owned subsidiary of Parent, the Issuer became a wholly owned subsidiary of Parent (the "Merger"). At the effective time of the Merger (the "Effective Time"), pursuant to the Merger Agreement, each ordinary share, par value $0.00001 per share, of the Issuer ("Ordinary Share") held by the reporting person as of immediately prior to the Effective Time was cancelled and converted into the right to receive (i) $17.00 in cash, without interest (the "Per Share Cash Consideration") and (ii) one contingent value right (a "CVR"). Each CVR represents a non-tradeable contractual contingent right to receive cash payments based on the achievement of certain commercial milestones following the Effective Time.

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September 23, 2026 Filed Sep 25, 2026 00:27 UTC
Winningham Rick EDirector · CHIEF EXECUTIVE OFFICER
Disposition to issuerShare Option (Right to Buy) · Derivative 515,000 Not disclosed Strike: $10.24 Not disclosed
Disclosure

SEC source: 0001302443-26-000018 · form4-09252026_120938.xml · derivative · entry 6

Winningham Rick E · CIK 0001302443 · Director · CHIEF EXECUTIVE OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Ordinary Shares · 515,000 shares

Expires 2032-02-24

F4 · price: At the Effective Time, each option to purchase Ordinary Shares outstanding and unexercised as of immediately prior to the Effective Time, whether vested or unvested (a "Company Option"), was cancelled and converted into the right to receive an amount in cash, without interest, equal to (i) the excess, if any, of the Per Share Cash Consideration over the exercise price of such Company Option, multiplied by (ii) the number of Ordinary Shares underlying such Company Option plus (iii) one CVR for each Ordinary Share underlying such Company Option.

F4 · derivative.exercise_date: At the Effective Time, each option to purchase Ordinary Shares outstanding and unexercised as of immediately prior to the Effective Time, whether vested or unvested (a "Company Option"), was cancelled and converted into the right to receive an amount in cash, without interest, equal to (i) the excess, if any, of the Per Share Cash Consideration over the exercise price of such Company Option, multiplied by (ii) the number of Ordinary Shares underlying such Company Option plus (iii) one CVR for each Ordinary Share underlying such Company Option.

Read SEC document
September 23, 2026 Filed Sep 25, 2026 00:27 UTC
Winningham Rick EDirector · CHIEF EXECUTIVE OFFICER
Disposition to issuerOrdinary Shares 92,567 Not disclosed Not disclosed
Disclosure

SEC source: 0001302443-26-000018 · form4-09252026_120938.xml · nonDerivative · entry 5

Winningham Rick E · CIK 0001302443 · Director · CHIEF EXECUTIVE OFFICER

10b5-1 filing: No plan indicated

Ownership: Indirect · By Trust

Disclosed balance after: 0

F1 · price: On September 23, 2026, pursuant to that certain Agreement and Plan of Merger (the "Merger Agreement"), dated June 28, 2026, by and among the Issuer, Zymeworks Inc. ("Parent"), and Zymeworks Merger Sub 1, a wholly owned subsidiary of Parent, the Issuer became a wholly owned subsidiary of Parent (the "Merger"). At the effective time of the Merger (the "Effective Time"), pursuant to the Merger Agreement, each ordinary share, par value $0.00001 per share, of the Issuer ("Ordinary Share") held by the reporting person as of immediately prior to the Effective Time was cancelled and converted into the right to receive (i) $17.00 in cash, without interest (the "Per Share Cash Consideration") and (ii) one contingent value right (a "CVR"). Each CVR represents a non-tradeable contractual contingent right to receive cash payments based on the achievement of certain commercial milestones following the Effective Time.

Read SEC document
September 23, 2026 Filed Sep 25, 2026 00:27 UTC
Winningham Rick EDirector · CHIEF EXECUTIVE OFFICER
Disposition to issuerOrdinary Shares 23,400 Not disclosed Not disclosed
Disclosure

SEC source: 0001302443-26-000018 · form4-09252026_120938.xml · nonDerivative · entry 4

Winningham Rick E · CIK 0001302443 · Director · CHIEF EXECUTIVE OFFICER

10b5-1 filing: No plan indicated

Ownership: Indirect · As Custodian

Disclosed balance after: 0

F1 · price: On September 23, 2026, pursuant to that certain Agreement and Plan of Merger (the "Merger Agreement"), dated June 28, 2026, by and among the Issuer, Zymeworks Inc. ("Parent"), and Zymeworks Merger Sub 1, a wholly owned subsidiary of Parent, the Issuer became a wholly owned subsidiary of Parent (the "Merger"). At the effective time of the Merger (the "Effective Time"), pursuant to the Merger Agreement, each ordinary share, par value $0.00001 per share, of the Issuer ("Ordinary Share") held by the reporting person as of immediately prior to the Effective Time was cancelled and converted into the right to receive (i) $17.00 in cash, without interest (the "Per Share Cash Consideration") and (ii) one contingent value right (a "CVR"). Each CVR represents a non-tradeable contractual contingent right to receive cash payments based on the achievement of certain commercial milestones following the Effective Time.

Read SEC document
September 23, 2026 Filed Sep 25, 2026 00:27 UTC
Winningham Rick EDirector · CHIEF EXECUTIVE OFFICER
Disposition to issuerOrdinary Shares 76,875 Not disclosed Not disclosed
Disclosure

SEC source: 0001302443-26-000018 · form4-09252026_120938.xml · nonDerivative · entry 3

Winningham Rick E · CIK 0001302443 · Director · CHIEF EXECUTIVE OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

F3 · price: As of immediately prior to the Effective Time, each award of performance restricted stock units of the Issuer (a "Company PSU Award") that was outstanding as of immediately prior to the Effective Time was cancelled in exchange for the right to receive an amount in cash, without interest, equal to (i) the Per Share Cash Consideration multiplied by (ii) the number of Ordinary Shares with respect to such Company PSU Award that remained outstanding and unreleased as of immediately prior to the Effective Time, plus (iii) one CVR for each Ordinary Share underlying such Company PSU Award.

Read SEC document
September 23, 2026 Filed Sep 25, 2026 00:27 UTC
Winningham Rick EDirector · CHIEF EXECUTIVE OFFICER
Disposition to issuerOrdinary Shares 151,875 Not disclosed Not disclosed
Disclosure

SEC source: 0001302443-26-000018 · form4-09252026_120938.xml · nonDerivative · entry 2

Winningham Rick E · CIK 0001302443 · Director · CHIEF EXECUTIVE OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 76,875

F2 · price: At the Effective Time, pursuant to the Merger Agreement, each award of restricted stock units of the Issuer (a "Company RSU Award") that was outstanding as of immediately prior to the Effective Time was cancelled and converted into the right to receive an amount in cash, without interest, equal to (i) the Per Share Cash Consideration multiplied by (ii) the number of Ordinary Shares underlying such Company RSU Award (subject to any required tax withholdings as provided in the Merger Agreement) plus (iii) one CVR for each Ordinary Share underlying such Company RSU Award.

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September 23, 2026 Filed Sep 25, 2026 00:27 UTC
Winningham Rick EDirector · CHIEF EXECUTIVE OFFICER
Disposition to issuerOrdinary Shares 1,382,272 Not disclosed Not disclosed
Disclosure

SEC source: 0001302443-26-000018 · form4-09252026_120938.xml · nonDerivative · entry 1

Winningham Rick E · CIK 0001302443 · Director · CHIEF EXECUTIVE OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 228,750

F1 · price: On September 23, 2026, pursuant to that certain Agreement and Plan of Merger (the "Merger Agreement"), dated June 28, 2026, by and among the Issuer, Zymeworks Inc. ("Parent"), and Zymeworks Merger Sub 1, a wholly owned subsidiary of Parent, the Issuer became a wholly owned subsidiary of Parent (the "Merger"). At the effective time of the Merger (the "Effective Time"), pursuant to the Merger Agreement, each ordinary share, par value $0.00001 per share, of the Issuer ("Ordinary Share") held by the reporting person as of immediately prior to the Effective Time was cancelled and converted into the right to receive (i) $17.00 in cash, without interest (the "Per Share Cash Consideration") and (ii) one contingent value right (a "CVR"). Each CVR represents a non-tradeable contractual contingent right to receive cash payments based on the achievement of certain commercial milestones following the Effective Time.

Read SEC document
September 23, 2026 Filed Sep 25, 2026 00:25 UTC
Sawaf AzizSVP & CHIEF FINANCIAL OFFICER
Disposition to issuerOrdinary Shares 23,439 Not disclosed Not disclosed
Disclosure

SEC source: 0001961289-26-000011 · form4-09252026_120949.xml · nonDerivative · entry 3

Sawaf Aziz · CIK 0001961289 · SVP & CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

F3 · price: As of immediately prior to the Effective Time, each award of performance restricted stock units of the Issuer (a "Company PSU Award") that was outstanding as of immediately prior to the Effective Time was cancelled in exchange for the right to receive an amount in cash, without interest, equal to (i) the Per Share Cash Consideration multiplied by (ii) the number of Ordinary Shares with respect to such Company PSU Award that remained outstanding and unreleased as of immediately prior to the Effective Time, plus (iii) one CVR for each Ordinary Share underlying such Company PSU Award.

Read SEC document
September 23, 2026 Filed Sep 25, 2026 00:25 UTC
Sawaf AzizSVP & CHIEF FINANCIAL OFFICER
Disposition to issuerOrdinary Shares 108,436 Not disclosed Not disclosed
Disclosure

SEC source: 0001961289-26-000011 · form4-09252026_120949.xml · nonDerivative · entry 2

Sawaf Aziz · CIK 0001961289 · SVP & CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 23,439

F2 · price: At the Effective Time, pursuant to the Merger Agreement, each award of restricted stock units of the Issuer (a "Company RSU Award") that was outstanding as of immediately prior to the Effective Time was cancelled and converted into the right to receive an amount in cash, without interest, equal to (i) the Per Share Cash Consideration multiplied by (ii) the number of Ordinary Shares underlying such Company RSU Award (subject to any required tax withholdings as provided in the Merger Agreement) plus (iii) one CVR for each Ordinary Share underlying such Company RSU Award.

Read SEC document
September 23, 2026 Filed Sep 25, 2026 00:25 UTC
Sawaf AzizSVP & CHIEF FINANCIAL OFFICER
Disposition to issuerOrdinary Shares 204,966 Not disclosed Not disclosed
Disclosure

SEC source: 0001961289-26-000011 · form4-09252026_120949.xml · nonDerivative · entry 1

Sawaf Aziz · CIK 0001961289 · SVP & CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 131,875

F1 · price: On September 23, 2026, pursuant to that certain Agreement and Plan of Merger (the "Merger Agreement"), dated June 28, 2026, by and among the Issuer, Zymeworks Inc. ("Parent"), and Zymeworks Merger Sub 1, a wholly owned subsidiary of Parent, the Issuer became a wholly owned subsidiary of Parent (the "Merger"). At the effective time of the Merger (the "Effective Time"), pursuant to the Merger Agreement, each ordinary share, par value $0.00001 per share, of the Issuer ("Ordinary Share") held by the reporting person as of immediately prior to the Effective Time was cancelled and converted into the right to receive (i) $17.00 in cash, without interest (the "Per Share Cash Consideration") and (ii) one contingent value right (a "CVR"). Each CVR represents a non-tradeable contractual contingent right to receive cash payments based on the achievement of certain commercial milestones following the Effective Time.

Read SEC document
September 23, 2026 Filed Sep 25, 2026 00:24 UTC
Miller AineSVP, DEV & HEAD OF IRE OFFICE
Disposition to issuerShare Option (Right to Buy) · Derivative 37,500 Not disclosed Strike: $25.42 Not disclosed
Disclosure

SEC source: 0002012524-26-000011 · form4-09252026_120941.xml · derivative · entry 3

Miller Aine · CIK 0002012524 · SVP, DEV & HEAD OF IRE OFFICE

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Ordinary Shares · 37,500 shares

Expires 2030-03-01

F3 · price: At the Effective Time, each option to purchase Ordinary Shares outstanding and unexercised as of immediately prior to the Effective Time, whether vested or unvested (a "Company Option"), was cancelled and converted into the right to receive an amount in cash, without interest, equal to (i) the excess, if any, of the Per Share Cash Consideration over the exercise price of such Company Option, multiplied by (ii) the number of Ordinary Shares underlying such Company Option plus (iii) one CVR for each Ordinary Share underlying such Company Option. However, any Company Option that has an exercise price per Ordinary Share that is greater than or equal to the Per Share Cash Consideration was cancelled and ceased to exist and the holder of any such Company Option was not entitled to payment of any consideration therefor.

F3 · derivative.exercise_date: At the Effective Time, each option to purchase Ordinary Shares outstanding and unexercised as of immediately prior to the Effective Time, whether vested or unvested (a "Company Option"), was cancelled and converted into the right to receive an amount in cash, without interest, equal to (i) the excess, if any, of the Per Share Cash Consideration over the exercise price of such Company Option, multiplied by (ii) the number of Ordinary Shares underlying such Company Option plus (iii) one CVR for each Ordinary Share underlying such Company Option. However, any Company Option that has an exercise price per Ordinary Share that is greater than or equal to the Per Share Cash Consideration was cancelled and ceased to exist and the holder of any such Company Option was not entitled to payment of any consideration therefor.

Read SEC document
September 23, 2026 Filed Sep 25, 2026 00:24 UTC
Miller AineSVP, DEV & HEAD OF IRE OFFICE
Disposition to issuerOrdinary Shares 96,718 Not disclosed Not disclosed
Disclosure

SEC source: 0002012524-26-000011 · form4-09252026_120941.xml · nonDerivative · entry 2

Miller Aine · CIK 0002012524 · SVP, DEV & HEAD OF IRE OFFICE

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

F2 · price: At the Effective Time, pursuant to the Merger Agreement, each award of restricted stock units of the Issuer (a "Company RSU Award") that was outstanding as of immediately prior to the Effective Time was cancelled and converted into the right to receive an amount in cash, without interest, equal to (i) the Per Share Cash Consideration multiplied by (ii) the number of Ordinary Shares underlying such Company RSU Award (subject to any required tax withholdings as provided in the Merger Agreement) plus (iii) one CVR for each Ordinary Share underlying such Company RSU Award.

Read SEC document
September 23, 2026 Filed Sep 25, 2026 00:24 UTC
Miller AineSVP, DEV & HEAD OF IRE OFFICE
Disposition to issuerOrdinary Shares 93,108 Not disclosed Not disclosed
Disclosure

SEC source: 0002012524-26-000011 · form4-09252026_120941.xml · nonDerivative · entry 1

Miller Aine · CIK 0002012524 · SVP, DEV & HEAD OF IRE OFFICE

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 96,718

F1 · price: On September 23, 2026, pursuant to that certain Agreement and Plan of Merger (the "Merger Agreement"), dated June 28, 2026, by and among the Issuer, Zymeworks Inc. ("Parent"), and Zymeworks Merger Sub 1, a wholly owned subsidiary of Parent, the Issuer became a wholly owned subsidiary of Parent (the "Merger"). At the effective time of the Merger (the "Effective Time"), pursuant to the Merger Agreement, each ordinary share, par value $0.00001 per share, of the Issuer ("Ordinary Share") held by the reporting person as of immediately prior to the Effective Time was cancelled and converted into the right to receive (i) $17.00 in cash, without interest (the "Per Share Cash Consideration") and (ii) one contingent value right (a "CVR"). Each CVR represents a non-tradeable contractual contingent right to receive cash payments based on the achievement of certain commercial milestones following the Effective Time.

Read SEC document
September 23, 2026 Filed Sep 25, 2026 00:23 UTC
Grimaud Brett A.SVP, GEN COUNSEL AND SECRETARY
Disposition to issuerOrdinary Shares 23,439 Not disclosed Not disclosed
Disclosure

SEC source: 0001966698-26-000011 · form4-09252026_120901.xml · nonDerivative · entry 3

Grimaud Brett A. · CIK 0001966698 · SVP, GEN COUNSEL AND SECRETARY

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

F3 · price: As of immediately prior to the Effective Time, each award of performance restricted stock units of the Issuer (a "Company PSU Award") that was outstanding as of immediately prior to the Effective Time was cancelled in exchange for the right to receive an amount in cash, without interest, equal to (i) the Per Share Cash Consideration multiplied by (ii) the number of Ordinary Shares with respect to such Company PSU Award that remained outstanding and unreleased as of immediately prior to the Effective Time, plus (iii) one CVR for each Ordinary Share underlying such Company PSU Award.

Read SEC document
September 23, 2026 Filed Sep 25, 2026 00:23 UTC
Grimaud Brett A.SVP, GEN COUNSEL AND SECRETARY
Disposition to issuerOrdinary Shares 107,812 Not disclosed Not disclosed
Disclosure

SEC source: 0001966698-26-000011 · form4-09252026_120901.xml · nonDerivative · entry 2

Grimaud Brett A. · CIK 0001966698 · SVP, GEN COUNSEL AND SECRETARY

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 23,439

F2 · price: At the Effective Time, pursuant to the Merger Agreement, each award of restricted stock units of the Issuer (a "Company RSU Award") that was outstanding as of immediately prior to the Effective Time was cancelled and converted into the right to receive an amount in cash, without interest, equal to (i) the Per Share Cash Consideration multiplied by (ii) the number of Ordinary Shares underlying such Company RSU Award (subject to any required tax withholdings as provided in the Merger Agreement) plus (iii) one CVR for each Ordinary Share underlying such Company RSU Award.

Read SEC document
September 23, 2026 Filed Sep 25, 2026 00:23 UTC
Grimaud Brett A.SVP, GEN COUNSEL AND SECRETARY
Disposition to issuerOrdinary Shares 223,917 Not disclosed Not disclosed
Disclosure

SEC source: 0001966698-26-000011 · form4-09252026_120901.xml · nonDerivative · entry 1

Grimaud Brett A. · CIK 0001966698 · SVP, GEN COUNSEL AND SECRETARY

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 131,251

F1 · price: On September 23, 2026, pursuant to that certain Agreement and Plan of Merger (the "Merger Agreement"), dated June 28, 2026, by and among the Issuer, Zymeworks Inc. ("Parent"), and Zymeworks Merger Sub 1, a wholly owned subsidiary of Parent, the Issuer became a wholly owned subsidiary of Parent (the "Merger"). At the effective time of the Merger (the "Effective Time"), pursuant to the Merger Agreement, each ordinary share, par value $0.00001 per share, of the Issuer ("Ordinary Share") held by the reporting person as of immediately prior to the Effective Time was cancelled and converted into the right to receive (i) $17.00 in cash, without interest (the "Per Share Cash Consideration") and (ii) one contingent value right (a "CVR"). Each CVR represents a non-tradeable contractual contingent right to receive cash payments based on the achievement of certain commercial milestones following the Effective Time.

Read SEC document
September 23, 2026 Filed Sep 25, 2026 00:21 UTC
Farnum RhondaSVP, COMM & MEDICAL AFFAIRS
Disposition to issuerShare Option (Right to Buy) · Derivative 150,000 Not disclosed Strike: $25.64 Not disclosed
Disclosure

SEC source: 0001898490-26-000017 · form4-09252026_120949.xml · derivative · entry 3

Farnum Rhonda · CIK 0001898490 · SVP, COMM & MEDICAL AFFAIRS

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Ordinary Shares · 150,000 shares

Expires 2028-07-31

F3 · price: At the Effective Time, each option to purchase Ordinary Shares outstanding and unexercised as of immediately prior to the Effective Time, whether vested or unvested (a "Company Option"), was cancelled and converted into the right to receive an amount in cash, without interest, equal to (i) the excess, if any, of the Per Share Cash Consideration over the exercise price of such Company Option, multiplied by (ii) the number of Ordinary Shares underlying such Company Option plus (iii) one CVR for each Ordinary Share underlying such Company Option. However, any Company Option that has an exercise price per Ordinary Share that is greater than or equal to the Per Share Cash Consideration was cancelled and ceased to exist and the holder of any such Company Option was not entitled to payment of any consideration therefor.

F3 · derivative.exercise_date: At the Effective Time, each option to purchase Ordinary Shares outstanding and unexercised as of immediately prior to the Effective Time, whether vested or unvested (a "Company Option"), was cancelled and converted into the right to receive an amount in cash, without interest, equal to (i) the excess, if any, of the Per Share Cash Consideration over the exercise price of such Company Option, multiplied by (ii) the number of Ordinary Shares underlying such Company Option plus (iii) one CVR for each Ordinary Share underlying such Company Option. However, any Company Option that has an exercise price per Ordinary Share that is greater than or equal to the Per Share Cash Consideration was cancelled and ceased to exist and the holder of any such Company Option was not entitled to payment of any consideration therefor.

Read SEC document
September 23, 2026 Filed Sep 25, 2026 00:21 UTC
Farnum RhondaSVP, COMM & MEDICAL AFFAIRS
Disposition to issuerOrdinary Shares 89,062 Not disclosed Not disclosed
Disclosure

SEC source: 0001898490-26-000017 · form4-09252026_120949.xml · nonDerivative · entry 2

Farnum Rhonda · CIK 0001898490 · SVP, COMM & MEDICAL AFFAIRS

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

F2 · price: At the Effective Time, pursuant to the Merger Agreement, each award of restricted stock units of the Issuer (a "Company RSU Award") that was outstanding as of immediately prior to the Effective Time was cancelled and converted into the right to receive an amount in cash, without interest, equal to (i) the Per Share Cash Consideration multiplied by (ii) the number of Ordinary Shares underlying such Company RSU Award (subject to any required tax withholdings as provided in the Merger Agreement) plus (iii) one CVR for each Ordinary Share underlying such Company RSU Award.

Read SEC document
September 23, 2026 Filed Sep 25, 2026 00:21 UTC
Farnum RhondaSVP, COMM & MEDICAL AFFAIRS
Disposition to issuerOrdinary Shares 124,414 Not disclosed Not disclosed
Disclosure

SEC source: 0001898490-26-000017 · form4-09252026_120949.xml · nonDerivative · entry 1

Farnum Rhonda · CIK 0001898490 · SVP, COMM & MEDICAL AFFAIRS

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 89,062

F1 · price: On September 23, 2026, pursuant to that certain Agreement and Plan of Merger (the "Merger Agreement"), dated June 28, 2026, by and among the Issuer, Zymeworks Inc. ("Parent"), and Zymeworks Merger Sub 1, a wholly owned subsidiary of Parent, the Issuer became a wholly owned subsidiary of Parent (the "Merger"). At the effective time of the Merger (the "Effective Time"), pursuant to the Merger Agreement, each ordinary share, par value $0.00001 per share, of the Issuer ("Ordinary Share") held by the reporting person as of immediately prior to the Effective Time was cancelled and converted into the right to receive (i) $17.00 in cash, without interest (the "Per Share Cash Consideration") and (ii) one contingent value right (a "CVR"). Each CVR represents a non-tradeable contractual contingent right to receive cash payments based on the achievement of certain commercial milestones following the Effective Time.

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September 15, 2026 Filed Sep 17, 2026 21:52 UTC
Farnum RhondaSVP, COMM & MEDICAL AFFAIRS
SaleOrdinary Shares 6,657 $17.03 $113,396.67
Disclosure

SEC source: 0001898490-26-000014 · form4-09172026_090959.xml · nonDerivative · entry 3

Farnum Rhonda · CIK 0001898490 · SVP, COMM & MEDICAL AFFAIRS

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 213,476

F1 · price: This transaction was executed in multiple trades at prices from $17.02 to $17.06. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or any security holder of the issuer, full information regarding the number of shares and prices at which the transaction was effected.

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September 15, 2026 Filed Sep 17, 2026 21:52 UTC
Farnum RhondaSVP, COMM & MEDICAL AFFAIRS
SaleOrdinary Shares 3,328 $17.03 $56,690.15
Disclosure

SEC source: 0001898490-26-000014 · form4-09172026_090959.xml · nonDerivative · entry 2

Farnum Rhonda · CIK 0001898490 · SVP, COMM & MEDICAL AFFAIRS

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 220,133

F1 · price: This transaction was executed in multiple trades at prices from $17.02 to $17.06. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or any security holder of the issuer, full information regarding the number of shares and prices at which the transaction was effected.

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September 15, 2026 Filed Sep 17, 2026 21:52 UTC
Farnum RhondaSVP, COMM & MEDICAL AFFAIRS
SaleOrdinary Shares 3,329 $17.03 $56,706.52
Disclosure

SEC source: 0001898490-26-000014 · form4-09172026_090959.xml · nonDerivative · entry 1

Farnum Rhonda · CIK 0001898490 · SVP, COMM & MEDICAL AFFAIRS

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 223,461

F1 · price: This transaction was executed in multiple trades at prices from $17.02 to $17.06. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or any security holder of the issuer, full information regarding the number of shares and prices at which the transaction was effected.

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August 20, 2026 Filed Aug 24, 2026 22:04 UTC
Miller AineSVP, DEV & HEAD OF IRE OFFICE
Tax withholdingOrdinary Shares 6,258 $16.95 $106,073.10
Disclosure

SEC source: 0002012524-26-000008 · form4-08242026_100836.xml · nonDerivative · entry 1

Miller Aine · CIK 0002012524 · SVP, DEV & HEAD OF IRE OFFICE

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 189,826

F1 · shares: Shares withheld to satisfy tax obligations arising out of the vesting of previously granted restricted stock units. The share withholding transaction was with the issuer and did not involve an open market transaction.

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August 20, 2026 Filed Aug 24, 2026 22:02 UTC
Grimaud Brett A.SVP, GEN COUNSEL AND SECRETARY
Tax withholdingOrdinary Shares 7,952 $16.95 $134,786.40
Disclosure

SEC source: 0001966698-26-000008 · form4-08242026_100841.xml · nonDerivative · entry 1

Grimaud Brett A. · CIK 0001966698 · SVP, GEN COUNSEL AND SECRETARY

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 355,168

F1 · shares: Shares withheld to satisfy tax obligations arising out of the vesting of previously granted restricted stock units. The share withholding transaction was with the issuer and did not involve an open market transaction.

Read SEC document
August 20, 2026 Filed Aug 24, 2026 22:00 UTC
Farnum RhondaSVP, COMM & MEDICAL AFFAIRS
Tax withholdingOrdinary Shares 5,667 $16.95 $96,055.65
Disclosure

SEC source: 0001898490-26-000012 · form4-08242026_100811.xml · nonDerivative · entry 1

Farnum Rhonda · CIK 0001898490 · SVP, COMM & MEDICAL AFFAIRS

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 226,790

F1 · shares: Shares withheld to satisfy tax obligations arising out of the vesting of previously granted restricted stock units. The share withholding transaction was with the issuer and did not involve an open market transaction.

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August 20, 2026 Filed Aug 24, 2026 22:09 UTC
Winningham Rick EDirector · CHIEF EXECUTIVE OFFICER
Tax withholdingOrdinary Shares 20,034 $16.95 $339,576.30
Disclosure

SEC source: 0001302443-26-000012 · form4-08242026_100811.xml · nonDerivative · entry 1

Winningham Rick E · CIK 0001302443 · Director · CHIEF EXECUTIVE OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,611,022

F1 · shares: Shares withheld to satisfy tax obligations arising out of the vesting of previously granted restricted stock units. The share withholding transaction was with the issuer and did not involve an open market transaction.

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August 20, 2026 Filed Aug 24, 2026 22:07 UTC
Sawaf AzizSVP & CHIEF FINANCIAL OFFICER
Tax withholdingOrdinary Shares 8,112 $16.95 $137,498.40
Disclosure

SEC source: 0001961289-26-000008 · form4-08242026_100819.xml · nonDerivative · entry 1

Sawaf Aziz · CIK 0001961289 · SVP & CHIEF FINANCIAL OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 336,841

F1 · shares: Shares withheld to satisfy tax obligations arising out of the vesting of previously granted restricted stock units. The share withholding transaction was with the issuer and did not involve an open market transaction.

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July 07, 2026 Filed Jul 8, 2026 20:13 UTC
Samaha Eli10% owner
SaleCOM 5,564 $17.17 $95,540.56
Disclosure

SEC source: 0001877589-26-000002 · primary_doc.xml · nonDerivative · entry 2

Samaha Eli · CIK 0001877589 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnotes

Disclosed balance after: 9,167,489

F2 · price: The sales price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.17 to $17.18, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

F1 · ownership.nature: These shares are held by funds managed by Madison Avenue Partners, LP. The Reporting Person is the managing partner of Madison Avenue Partners, LP. The Reporting Person disclaims beneficial ownership of these securities, except to the extent of the pecuniary interest of the Reporting Person therein. The filing of this statement shall not be deemed an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the Reporting Person is the beneficial owner of such securities.

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July 06, 2026 Filed Jul 8, 2026 20:13 UTC
Samaha Eli10% owner
SaleCOM 1,400 $17.04 $23,856.00
Disclosure

SEC source: 0001877589-26-000002 · primary_doc.xml · nonDerivative · entry 1

Samaha Eli · CIK 0001877589 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnotes

Disclosed balance after: 9,173,053

F1 · ownership.nature: These shares are held by funds managed by Madison Avenue Partners, LP. The Reporting Person is the managing partner of Madison Avenue Partners, LP. The Reporting Person disclaims beneficial ownership of these securities, except to the extent of the pecuniary interest of the Reporting Person therein. The filing of this statement shall not be deemed an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the Reporting Person is the beneficial owner of such securities.

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July 01, 2026 Filed Jul 1, 2026 23:33 UTC
Samaha Eli10% owner
SaleCOM 37,799 $17.00 $642,628.36
Disclosure

SEC source: 0001877589-26-000001 · primary_doc.xml · nonDerivative · entry 3

Samaha Eli · CIK 0001877589 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnotes

Disclosed balance after: 9,174,453

F3 · price: The purchase price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $17.00 to $17.015, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.

F4 · ownership.nature: These shares are held by funds managed by Madison Avenue Partners, LP. The Reporting Person is the managing partner of Madison Avenue Partners, LP. The Reporting Person disclaims beneficial ownership of these securities, except to the extent of the pecuniary interest of the Reporting Person therein. The filing of this statement shall not be deemed an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the Reporting Person is the beneficial owner of such securities.

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June 30, 2026 Filed Jul 1, 2026 23:33 UTC
Samaha Eli10% owner
SaleCOM 25,027 $17.13 $428,787.59
Disclosure

SEC source: 0001877589-26-000001 · primary_doc.xml · nonDerivative · entry 2

Samaha Eli · CIK 0001877589 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnotes

Disclosed balance after: 9,212,252

F2 · price: The purchase price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $17.13 to $17.145, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.

F4 · ownership.nature: These shares are held by funds managed by Madison Avenue Partners, LP. The Reporting Person is the managing partner of Madison Avenue Partners, LP. The Reporting Person disclaims beneficial ownership of these securities, except to the extent of the pecuniary interest of the Reporting Person therein. The filing of this statement shall not be deemed an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the Reporting Person is the beneficial owner of such securities.

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June 29, 2026 Filed Jul 1, 2026 23:33 UTC
Samaha Eli10% owner
SaleCOM 273,871 $17.23 $4,720,139.30
Disclosure

SEC source: 0001877589-26-000001 · primary_doc.xml · nonDerivative · entry 1

Samaha Eli · CIK 0001877589 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnotes

Disclosed balance after: 9,237,279

F1 · price: The purchase price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $17.07 to $17.30, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.

F4 · ownership.nature: These shares are held by funds managed by Madison Avenue Partners, LP. The Reporting Person is the managing partner of Madison Avenue Partners, LP. The Reporting Person disclaims beneficial ownership of these securities, except to the extent of the pecuniary interest of the Reporting Person therein. The filing of this statement shall not be deemed an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the Reporting Person is the beneficial owner of such securities.

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June 19, 2026 Filed Jun 23, 2026 21:49 UTC
Miller AineSVP, DEV & HEAD OF IRE OFFICE
GrantOrdinary Shares 18,750 $0.00 $0.00
Disclosure

SEC source: 0002012524-26-000006 · form4-06232026_090617.xml · nonDerivative · entry 1

Miller Aine · CIK 0002012524 · SVP, DEV & HEAD OF IRE OFFICE

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 196,084

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June 15, 2026 Filed Jun 17, 2026 23:56 UTC
Farnum RhondaSVP, COMM & MEDICAL AFFAIRS
SaleOrdinary Shares 6,657 $16.39 $109,078.94
Disclosure

SEC source: 0001898490-26-000010 · form4-06172026_110631.xml · nonDerivative · entry 3

Farnum Rhonda · CIK 0001898490 · SVP, COMM & MEDICAL AFFAIRS

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 232,457

F1 · price: This transaction was executed in multiple trades at prices from $16.21 to $16.61. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or any security holder of the issuer, full information regarding the number of shares and prices at which the transaction was effected.

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June 15, 2026 Filed Jun 17, 2026 23:56 UTC
Farnum RhondaSVP, COMM & MEDICAL AFFAIRS
SaleOrdinary Shares 3,328 $16.38 $54,525.29
Disclosure

SEC source: 0001898490-26-000010 · form4-06172026_110631.xml · nonDerivative · entry 2

Farnum Rhonda · CIK 0001898490 · SVP, COMM & MEDICAL AFFAIRS

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 239,114

F1 · price: This transaction was executed in multiple trades at prices from $16.21 to $16.61. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or any security holder of the issuer, full information regarding the number of shares and prices at which the transaction was effected.

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June 15, 2026 Filed Jun 17, 2026 23:56 UTC
Farnum RhondaSVP, COMM & MEDICAL AFFAIRS
SaleOrdinary Shares 3,329 $16.39 $54,562.98
Disclosure

SEC source: 0001898490-26-000010 · form4-06172026_110631.xml · nonDerivative · entry 1

Farnum Rhonda · CIK 0001898490 · SVP, COMM & MEDICAL AFFAIRS

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 242,442

F1 · price: This transaction was executed in multiple trades at prices from $16.21 to $16.61. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or any security holder of the issuer, full information regarding the number of shares and prices at which the transaction was effected.

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June 12, 2026 Filed Jun 17, 2026 01:35 UTC GrantShare Option (Right to Buy) · Derivative 13,398 $0.00 Strike: $16.64 $0.00
Disclosure

SEC source: 0001270734-26-000004 · form4-06172026_010650.xml · derivative · entry 2

PAKIANATHAN DEEPIKA · CIK 0001270734 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 13,398

Underlying: Ordinary Shares · 13,398 shares

Expires 2036-06-11

F1 · derivative.exercise_date: This option may be exercised and shall be vested as to 1/12th of the shares subject to this option when optionee completes each continuous month of service following the grant date and any then remaining unvested shares shall vest on the date of the next annual meeting of the company's shareholders provided the optionee remains in continuous service on such date.

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June 12, 2026 Filed Jun 17, 2026 01:35 UTC GrantOrdinary Shares 6,009 $0.00 $0.00
Disclosure

SEC source: 0001270734-26-000004 · form4-06172026_010650.xml · nonDerivative · entry 1

PAKIANATHAN DEEPIKA · CIK 0001270734 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 64,074

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June 12, 2026 Filed Jun 17, 2026 01:37 UTC GrantShare Option (Right to Buy) · Derivative 13,398 $0.00 Strike: $16.64 $0.00
Disclosure

SEC source: 0001199297-26-000003 · form4-06172026_010636.xml · derivative · entry 2

MITCHELL DEAN J · CIK 0001199297 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 13,398

Underlying: Ordinary Shares · 13,398 shares

Expires 2036-06-11

F1 · derivative.exercise_date: This option may be exercised and shall be vested as to 1/12th of the shares subject to this option when optionee completes each continuous month of service following the grant date and any then remaining unvested shares shall vest on the date of the next annual meeting of the company's shareholders provided the optionee remains in continuous service on such date.

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June 12, 2026 Filed Jun 17, 2026 01:37 UTC GrantOrdinary Shares 6,009 $0.00 $0.00
Disclosure

SEC source: 0001199297-26-000003 · form4-06172026_010636.xml · nonDerivative · entry 1

MITCHELL DEAN J · CIK 0001199297 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 97,213

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June 12, 2026 Filed Jun 17, 2026 01:40 UTC GrantShare Option (Right to Buy) · Derivative 13,398 $0.00 Strike: $16.64 $0.00
Disclosure

SEC source: 0001589602-26-000002 · form4-06172026_010655.xml · derivative · entry 2

Smaldone Alsup Laurie · CIK 0001589602 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 13,398

Underlying: Ordinary Shares · 13,398 shares

Expires 2036-06-11

F1 · derivative.exercise_date: This option may be exercised and shall be vested as to 1/12th of the shares subject to this option when optionee completes each continuous month of service following the grant date and any then remaining unvested shares shall vest on the date of the next annual meeting of the company's shareholders provided the optionee remains in continuous service on such date.

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June 12, 2026 Filed Jun 17, 2026 01:40 UTC GrantOrdinary Shares 6,009 $0.00 $0.00
Disclosure

SEC source: 0001589602-26-000002 · form4-06172026_010655.xml · nonDerivative · entry 1

Smaldone Alsup Laurie · CIK 0001589602 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 80,989

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June 12, 2026 Filed Jun 17, 2026 01:39 UTC GrantShare Option (Right to Buy) · Derivative 13,398 $0.00 Strike: $16.64 $0.00
Disclosure

SEC source: 0001833453-26-000006 · form4-06172026_010638.xml · derivative · entry 2

GRAY SUSANNAH · CIK 0001833453 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 13,398

Underlying: Ordinary Shares · 13,398 shares

Expires 2036-06-11

F1 · derivative.exercise_date: This option may be exercised and shall be vested as to 1/12th of the shares subject to this option when optionee completes each continuous month of service following the grant date and any then remaining unvested shares shall vest on the date of the next annual meeting of the company's shareholders provided the optionee remains in continuous service on such date.

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June 12, 2026 Filed Jun 17, 2026 01:39 UTC GrantOrdinary Shares 6,009 $0.00 $0.00
Disclosure

SEC source: 0001833453-26-000006 · form4-06172026_010638.xml · nonDerivative · entry 1

GRAY SUSANNAH · CIK 0001833453 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 48,146

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June 12, 2026 Filed Jun 17, 2026 01:36 UTC GrantShare Option (Right to Buy) · Derivative 13,398 $0.00 Strike: $16.64 $0.00
Disclosure

SEC source: 0001625377-26-000004 · form4-06172026_010644.xml · derivative · entry 2

O'Connor Donal · CIK 0001625377 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 13,398

Underlying: Ordinary Shares · 13,398 shares

Expires 2036-06-11

F1 · derivative.exercise_date: This option may be exercised and shall be vested as to 1/12th of the shares subject to this option when optionee completes each continuous month of service following the grant date and any then remaining unvested shares shall vest on the date of the next annual meeting of the company's shareholders provided the optionee remains in continuous service on such date.

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June 12, 2026 Filed Jun 17, 2026 01:36 UTC GrantOrdinary Shares 6,009 $0.00 $0.00
Disclosure

SEC source: 0001625377-26-000004 · form4-06172026_010644.xml · nonDerivative · entry 1

O'Connor Donal · CIK 0001625377 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 80,213

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May 20, 2026 Filed May 22, 2026 22:22 UTC
Miller AineSVP, DEV & HEAD OF IRE OFFICE
Tax withholdingOrdinary Shares 6,827 $16.55 $112,986.85
Disclosure

SEC source: 0002012524-26-000004 · form4-05222026_100507.xml · nonDerivative · entry 1

Miller Aine · CIK 0002012524 · SVP, DEV & HEAD OF IRE OFFICE

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 177,334

F1 · shares: Shares withheld to satisfy tax obligations arising out of the vesting of previously granted restricted stock units. The share withholding transaction was with the issuer and did not involve an open market transaction.

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May 20, 2026 Filed May 22, 2026 22:19 UTC
Grimaud Brett A.SVP, GEN COUNSEL AND SECRETARY
Tax withholdingOrdinary Shares 8,829 $16.55 $146,119.95
Disclosure

SEC source: 0001966698-26-000006 · form4-05222026_100551.xml · nonDerivative · entry 1

Grimaud Brett A. · CIK 0001966698 · SVP, GEN COUNSEL AND SECRETARY

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 363,120

F1 · shares: Shares withheld to satisfy tax obligations arising out of the vesting of previously granted restricted stock units. The share withholding transaction was with the issuer and did not involve an open market transaction.

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May 20, 2026 Filed May 22, 2026 22:18 UTC
Farnum RhondaSVP, COMM & MEDICAL AFFAIRS
Tax withholdingOrdinary Shares 5,678 $16.55 $93,970.90
Disclosure

SEC source: 0001898490-26-000008 · form4-05222026_100557.xml · nonDerivative · entry 1

Farnum Rhonda · CIK 0001898490 · SVP, COMM & MEDICAL AFFAIRS

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 245,771

F1 · shares: Shares withheld to satisfy tax obligations arising out of the vesting of previously granted restricted stock units. The share withholding transaction was with the issuer and did not involve an open market transaction.

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May 20, 2026 Filed May 22, 2026 22:27 UTC
Winningham Rick EDirector · CHIEF EXECUTIVE OFFICER
Tax withholdingOrdinary Shares 20,038 $16.55 $331,628.90
Disclosure

SEC source: 0001302443-26-000006 · form4-05222026_100553.xml · nonDerivative · entry 1

Winningham Rick E · CIK 0001302443 · Director · CHIEF EXECUTIVE OFFICER

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,631,056

F1 · shares: Shares withheld to satisfy tax obligations arising out of the vesting of previously granted restricted stock units. The share withholding transaction was with the issuer and did not involve an open market transaction.

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Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.